NEW YORK, June 6, 2017 /PRNewswire/ --
This morning, DailyStockTracker.com has initiated coverage on
Barrick Gold Corp. (NYSE: ABX), Yamana Gold Inc. (NYSE: AUY), New
Gold Inc. (NYSE MKT: NGD), and Harmony Gold Mining Co. Ltd (NYSE:
HMY). According to Nikos Kavalis,
director and founding partner of Metals Focus Ltd, an independent
consultancy, gold prices will probably increase to a four-year
high above $1,400 an ounce this
year as a "less than inspiring" recovery means the Federal
Reserve would not step up the pace of increases in borrowing costs,
leaving real rates in negative territory. Toronto-Dominion Bank's
Bart Melek also said that gold may touch $1,300, with a $1,275 average, in the fourth
quarter. Access DailyStockTracker.com's complimentary reports
for today's stocks line-up at:
http://dailystocktracker.com/register/
Barrick Gold
Shares in Toronto, Canada
headquartered Barrick Gold Corp. saw a slight decline of 0.06%,
ending Monday's trading session at $16.19. The stock recorded a trading volume of
6.86 million shares. The Company's shares have gained 1.19% in the
last one month and 1.31% on an YTD basis. The stock is trading
7.08% below its 200-day moving average. Moreover, shares of
Barrick Gold, which engages in the
exploration and development of mineral properties in the US,
Canada, Australia, Argentina, Chile, Peru,
the Dominican Republic,
Papua New Guinea, Tanzania, Zambia, and Saudi
Arabia, have a Relative Strength Index (RSI) of 37.92.
On May 29th, 2017,
Barrick Gold reported that members
of the AOMA union at the Veladero mine in San Juan province, Argentina have ended a work stoppage that
began on May 28th, 2017.
The Company continues to anticipate the resumption of normal
leaching activities at Veladero in the second half of June, subject
to approval by San Juan regulatory
and judicial authorities. Visit us today and access your complete
report on ABX for free at:
http://dailystocktracker.com/registration/?symbol=ABX
Yamana Gold
Toronto, Canada-based Yamana
Gold Inc.'s stock closed the day flat at $2.57 with a total trading volume of 6.83 million
shares. The Company's shares have advanced 5.33% in the past month
and 1.18% in the previous three months. The stock is trading 7.42%
below its 50-day moving average. Additionally, shares of Yamana
Gold, which operates as a gold producer in Canada, Brazil, Chile, and Argentina, have an RSI of 40.93. The
complimentary research report on AUY can be accessed at:
http://dailystocktracker.com/registration/?symbol=AUY
New Gold
On Monday, shares in Toronto,
Canada headquartered New Gold Inc. recorded a trading volume
of 2.71 million shares. The stock ended the day 1.03% lower at
$2.89. The Company's shares have
advanced 9.47% in the past month and 4.33% in the previous three
months. The stock is trading below its 50-day moving average by
3.18%. Furthermore, shares of New Gold, which engages in the
development and operation of mineral properties, have an RSI of
47.54.
On May 18th, 2017, New
Gold announced that it has completed its offering of $300 million aggregate principal amount of 6.375%
Senior Notes due 2025 (the "Notes"). The Company intends to use the
net proceeds from the offering of the Notes, together with cash on
hand, to fund the redemption of its outstanding $300 million 7.00% Senior Notes due 2020.
Register for free on DailyStockTracker.com and download the
research report on NGD at:
http://dailystocktracker.com/registration/?symbol=NGD
Harmony Gold Mining
Randfontein, South Africa-based
Harmony Gold Mining Co. Ltd's stock dropped 1.04%, finishing
yesterday's session at $1.91 with a
total trading volume of 3.73 million shares. The Company's shares
are trading below their 50-day moving average by 18.11%. Shares of
the Company, which engages in the exploration and mining of gold in
South Africa and Papua New Guinea, have an RSI of 27.60. Get
free access to your research report on HMY at:
http://dailystocktracker.com/registration/?symbol=HMY
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